Spot rubber finishes lower

Aravindan Kottayam | Updated on March 20, 2020

File photo   -  THE HINDU

Spot rubber finished lower on Friday. RSS 4 slid to ₹127.50 (₹128.00) per kg, according to traders and the Rubber Board. It weakened to ₹123.50 (₹124.00), according to dealers. The market made all-round declines since tyremakers and domestic stockists were not interested in increasing their commitments.

In futures, the April contracts surrendered to ₹121.12 (₹124.37) and May to ₹122.66 (₹126.08) per kg on the Indian Commodity Exchange (ICEX). The near month April contracts were down 2.61 per cent with a volume of 418 lots.

RSS 3 (spot) declined to ₹106.77 (₹109.80) per kg in Bangkok. The Tokyo Commodity Exchange (TOCOM) remained closed on account of Vernal Equinox Day.

Spot rubber rates (₹/kg) were: RSS-4: ₹127.50 (₹128.00), RSS-5: ₹123.50 (₹124.00), ISNR 20: ₹114.50 (₹115.00) and Latex (60 per cent drc): ₹84.00 (₹84.50).

Published on March 20, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor